GCC: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2025

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in GCC

The GCC market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning shrank to $X in 2021, with a decrease of -7.9% against the previous year. Over the period under review, consumption continues to indicate a deep setback. The growth pace was the most rapid in 2016 when the market value decreased by -2.4%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in GCC

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning totaled $X in 2021 estimated in export price. In general, production showed a perceptible setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by 10%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports in GCC

In 2021, after three years of decline, there was significant growth in shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when their volume increased by 25% to X tons. Overall, exports saw resilient growth. The growth pace was the most rapid in 2015 with an increase of 93%. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 114%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Saudi Arabia was the key exporter of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in GCC, with the volume of exports recording X tons, which was approx. 86% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), mixing up a 14% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports, with a CAGR of +36.7% from 2012 to 2021. The United Arab Emirates (-2.7%) illustrated a downward trend over the same period. Saudi Arabia (+64 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -63.4% from 2012 to 2021, respectively.

In value terms, Saudi Arabia ($X) remains the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in GCC, comprising 86% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total exports.

In Saudi Arabia, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased at an average annual rate of +35.1% over the period from 2012-2021.

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, rising by 44% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.1%).

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports in GCC

In 2021, purchases abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports of reached the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia represented the largest importer of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in GCC, with the volume of imports resulting at X tons, which was near 84% of total imports in 2021. It was distantly followed by the United Arab Emirates (X tons), creating a 10% share of total imports. The following importers - Bahrain (X tons) and Qatar (X tons) - each resulted at a 3.9% share of total imports.

Saudi Arabia experienced a relatively flat trend pattern with regard to volume of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning. At the same time, Bahrain (+51.9%), Qatar (+7.7%) and the United Arab Emirates (+6.6%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +51.9% from 2012-2021. The United Arab Emirates (+4.4 p.p.) and Bahrain (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia saw its share reduced by -5.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in GCC, comprising 79% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by Bahrain, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value in Saudi Arabia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+7.8% per year) and Bahrain (+50.5% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, rising by 25% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahrain ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform